S.F.WAIN_&_SONS_LIMITED - Accounts

The directors present their annual report and financial statements for the year ended 30 September 2020.

The principal activity of the company continued to be that of a non-trading company.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

In accordance with section 444 of the Companies Act 2006 all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (S.I. 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

S.F.Wain & Sons Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 5, Crown Point South Industrial Park, Denton, Manchester, United Kingdom, M34 6PF.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

On 1 February 2019, the trade and assets of the company were hived up to it's immediate parent, Newbridge (Healthcare) Limited. The company from this point ceased to trade and the directors have no intention for company to trade in the future. As a result the company no longer meets the definition of a going concern as defined in FRS 102 paragraph 3.8. These financial statements are not prepared on a going concern basis.true

The directors do not however, consider that the carrying value of the company's assets and liabilities are impacted by the use of a basis other than going concern. No adjustments were considered necessary in adopting a basis other than going concern.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The average monthly number of persons (including directors) employed by the company during the year was:

The company's immediate parent is Newbrdge (Healthcare) Limited and ultimate parent is Newbridge Healthcare Holdings Limited, a company incorporated in England and Wales.

There is no ultimate controlling party of Newbridge Healthcare Holdings Limited.